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What, exactly, just happened? Just how close did we come to the brink of financial disaster with the haggling over the debt ceiling? What would that disaster look like? And what was the big stinking problem with the negotiations; in other words, what took so long?
A lot better journalists than me have dedicated some very good ink to these questions concerning the raising of the federal debt limit.
The Collider, the Particle and a Theory About Fate – “Then it will be time to test one of the most bizarre and revolutionary theories in science. I’m not talking about extra dimensions of space-time, dark matter or even black holes that eat the Earth. No, I’m talking about the notion that the troubled collider [...]
In theory, credit default swaps are simply insurance against failed investments. In reality, these swaps can quickly get complicated. Tune in to this podcast from HowStuffWorks.com to hear Josh and Chuck demystify credit default swaps.
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